May 2018
 
 
May
Apr
2018 YTD
2017 YTD
Monthly Volume
(lots)
CCA
60,992
37,508
211,443
155,110
RGGI
6,205
12,016
41,761
44,307
RECs
57,008
76,061
299,910
377,235
 
 
May
Apr
May-17
 
Month End Open Interest
(lots)
CCA
145,128
117,381
109,279
 
RGGI
55,079
51,669
69,373
 
RECs
369,028
362,980
303,618
 
 
 
May
Apr
2018 YTD
2017 YTD
Monthly Deliveries (lots)
CCA
5,556
5,330
48,542
30,388
RGGI
825
720
11,852
5,606
RECs
18,603
2,750
30,363
22,971
Carbon In Focus
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RECs In Focus
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Historical Volume & Open Interest
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Highlights
May saw a record delivery of Massachusetts and Connecticut Class 1 RECs of 5,324 and 4,082 lots, respectively
NEPOOL Dual Qualified RECs also delivered for the first time
Low Carbon Fuel Standard (LCFS) and Renewable Identification Numbers (RINs) began trading on May 21, 2018
LCFS traded 120 lots in the first weeks of trading and RINs traded for the first time on June 5
WCI's 15th Joint Auction fully cleared the 90.6m current vintage allowances at $14.65/ton. Just under half of the later vintage allowaces sold at the floor price of $14.53/ton
On May 15 open interest crossed the prior peak of 543,517 lots from December of 2017. OI continues to make new highs
In addition to North American activity, European Union Emissions Allowance futures and options contracts have seen strong growth. May ADV was 28.7k and 11k for ICE EUA futures and options respectively
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Key Dates
Contract Expiry and Deliveries — Option Expiry June 15, Last Trade Day June 26 and Delivery Day June 29
RGGI's 40th auction will be held on June 13th and the results will be posted June 15
For more information
Stephen McComb
stephen.mccomb@theice.com
+1 (312) 836 6727
Mike Kierstead
mike.kierstead@theice.com
+1 (312) 836 6738
 

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